In this Vlog, Attorney Justin M. Kennedy discusses California’s Proposition 58. Proposition 58 is a California constitutional amendment approved by the voters which excludes from reassessment transfers of real property between parents and children that has been effective since November 6, 1986. Proposition 58 is codified by section 63.1 of the Revenue and Taxation Code.
Litherland, Kennedy & Associates, APC, Attorneys at Law are members of the American Academy of Estate Planning Attorneys. If you would like to learn more about the importance of estate planning, we invite you to attend one of our free estate planning webinars.